Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

27 March 2026

 

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.	KEY INFORMATION
(a)	Name of exempt principal trader:			BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose  relevant securities this form relates:			A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
(c)	Name of the party to the offer with which exempt  principal trader is connected			A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
(d)	Date position held/dealing undertaken:			26 Mar 2026
(e)	In addition to the company in 1(b) above, is the exempt principal  trader making disclosures in respect of any other party to the offer?			YES:  PICTON PROPERTY INCOME LIMITED
2.	POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				12,037,435	0.51%	7,642,628	0.33%
(2) Cash-settled derivatives:				8,241,618	0.35%	9,721,188	0.41%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				20,279,053	0.86%	17,363,816	0.74%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,451,428	0.30%	195,728	0.04%
(2) Cash-settled derivatives:				0	0.00%	1,325,879	0.27%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,451,428	0.30%	1,521,607	0.31%
(b)	Rights to subscribe for new securities (including directors and other executive options)
Class of relevant security in relation to  which subscription right exists
Details, including nature of the rights  concerned and relevant percentages:
3.	DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchase and sales
Class of relevant  security	Purchase/sale	Total number of  securities	Highest price per unit  paid/received	Lowest price per unit  paid/received
LondonMetric Property plc 10p ordinary	Purchase	2346899	1.8120  GBP	1.7911  GBP
LondonMetric Property plc 10p ordinary	Sale	1389747	1.8145  GBP	1.7912  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	76504	0.4720  GBP	0.4635  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	21013	0.4792  GBP	0.4635  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1	1.7960  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	11,882	1.7992  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,581	1.7993  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,304	1.7994  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3	1.7996  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	24,925	1.8003  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	5,411	1.8006  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	78	1.8030  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	41,860	1.8037  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	35,510	1.8039  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	38,570	1.8047  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1	1.8100  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,045	1.8108  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	50,568	1.8278  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	978	1.7911  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	586	1.7950  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	22,901	1.7964  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	23,225	1.7972  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	129,910	1.7975  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	143,196	1.7985  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	17,220	1.7987  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,254	1.7988  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	145,679	1.7998  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	68,300	1.8005  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	130,618	1.8009  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	321,423	1.8010  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,214	1.8011  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	42,801	1.8018  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	40,155	1.8026  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	17,600	1.8027  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	13,143	1.8029  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	42,427	1.8060  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	593,522	1.8214  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	1	0.4930  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	53,897	0.4655  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1	0.4670  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	6,185	0.4677  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3	0.4678  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1	0.4715  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	4,862	0.4665  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	200,863	1.8009  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	82,815	1.8012  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	142,447	1.8017  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	5,892	1.8028  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	24,042	1.8095  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	2	1.8100  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	94,038	1.7972  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	232,770	1.8010  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	24,567	1.8011  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	2,715	1.8039  GBP
(c)	Stock-settled derivative transactions  (including options)
(i)	Writing, selling, purchasing or varying
Class  of  relevant  security	Product  description	Writing,  purchasing,  selling,  varying etc	Number  of  securities  to which  option  relates	Exercise  price  per unit	Type	Expiry  date	Option  money  paid/  received  per unit
(ii)	Exercising
Class of relevant  security	Product description	Exercising/ exercised against	Number of  securities	Exercise price per  unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant  security	Nature of Dealings	Details	Price per unit (if  applicable)
4.	OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,  formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by  the exempt principal trader making the disclosure and any party  to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between  the exempt principal trader making the disclosure and any other person relating to:  (i)   the voting rights of any relevant securities under any option; or  (ii)   the voting rights of future acquisition or disposal of any relevant securities to which  any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				27 Mar 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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